Confident… but prudent on the very short term

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Even though we are optimistic about the medium and long term outlook, and that we continue to apply with great success our investment methodology, we are nevertheless prudent on a very short term horizon:

The US market has risen by approximately 13% since the 21st of Sept. (i.e. a period of only 3 weeks).

We have therefore taken protective measures for our clients’ portfolios.

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